Nonprofit · EIN 03-0331665
ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · MIDDLEBURY, VT 05753
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $317,128 | $375,372 | -$58,244 | $1,245,918 | $983,827 | $262,091 |
| June 30, 2024 | 990 | $315,360 | $342,333 | -$26,973 | $1,187,721 | $867,386 | $320,335 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $250,249
- of which government grants
- $215,844
- Membership dues
- $34,405
- Program service revenue
- $65,093
- Investment income
- $1,057
- Other revenue
- $729
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,780
- Other salaries and wages
- $109,231
- Salaries, compensation and benefits (total)
- $233,864
- Professional fundraising fees
- $0
- Legal fees
- $2,062
- Accounting fees
- $23,007
- Occupancy
- $18,876
- Travel
- $2,209
- Depreciation
- $502
- Program services (functional)
- $264,764
- Management and general (functional)
- $83,315
- Fundraising (functional)
- $27,293
Balance sheet and other
- Total assets, start of year
- $1,187,721
- Total assets, end of year
- $1,245,918
- Total liabilities, end of year
- $983,827
- Net assets, end of year
- $262,091
- Land, buildings and equipment
- $1,005
- Net assets without donor restrictions
- $231,979
- Net assets with donor restrictions
- $30,112
- Gross receipts
- $317,128
- Employees
- 6
- Volunteers
- 17
- Year formed
- 1991
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frederick Kenney II | Executive Director Officer | 40 | $103,264 | $9,326 |
| Jason Larocque | President Trustee or director, Officer | 2 | $0 | $0 |
| Gina Larrow | VP Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| David Castle | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Lapierre | Board Member Trustee or director | 2 | $0 | $0 |
| Joseph Andriano | Board Member Trustee or director | 2 | $0 | $0 |
| Ryan Bartlett | Board Member Trustee or director | 2 | $0 | $0 |
| Mark Foster | Board Member Trustee or director | 2 | $0 | $0 |
| Nicole MacTavish | Board Member Trustee or director | 2 | $0 | $0 |
| Richard McKerr | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Ortmyer | Board Member Trustee or director | 2 | $0 | $0 |
| Renny Perry | Board Member Trustee or director | 2 | $0 | $0 |
| Susan P Ritter | Board Member Trustee or director | 2 | $0 | $0 |
| Darcy Tarte | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frederick Kenney II | Executive Director Officer | 40 | $99,896 | $14,672 |
| Jason Larocque | President Trustee or director, Officer | 2 | $0 | $0 |
| Gina Larrow | VP Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| David Castle | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Lapierre | Board Member Trustee or director | 2 | $0 | $0 |
| Joseph Andriano | Board Member Trustee or director | 2 | $0 | $0 |
| Ryan Bartlett | Board Member Trustee or director | 2 | $0 | $0 |
| Mark Foster | Board Member Trustee or director | 2 | $0 | $0 |
| Nicole MacTavish | Board Member Trustee or director | 2 | $0 | $0 |
| Richard McKerr | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Ortmyer | Board Member Trustee or director | 2 | $0 | $0 |
| Renny Perry | Board Member Trustee or director | 2 | $0 | $0 |
| Susan P Ritter | Board Member Trustee or director | 2 | $0 | $0 |
| Darcy Tarte | Board Member Trustee or director | 2 | $0 | $0 |
| Valerie Capels left in 2024 | Board Member Trustee or director | 2 | $0 | $0 |
| Jason Robart left in 2024 | Board Member Trustee or director | 2 | $0 | $0 |
| Thomas Thompson left in 2024 | Board Member Trustee or director | 2 | $0 | $0 |
| Bill Townsend left in 2024 | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1590 ROUTE 7 S STE 8, MIDDLEBURY, VT 05753-8432
- Principal officer (990 for 2024)
- Alex Armani-Munn, 1590 Route 7 South 8, Middlebury, VT 05753
- Signed the 990
- Alex Armani-Munn, Executive Director
- Website
- www.addisoncountyedc.org
- Return prepared by
- Wisehart Wimette Associates PLC
Mission
To create an entrepreneurial and innovative environment, nurturing business to launch, grow, and thrive.
Program accomplishments
- Community Services ACEDC provides direct services to businesses including advice, assistance, referrals, site selection and project management, and business expansion services, services to the general business community such as business workshops and training, networking, and advocating on behalf of businesses regionally, and on the state and Federal levels. ACEDC also provides services to municipalities, non-profits, and community groups to advance economic and community development in the region, including grant writing, fiscal agency, and grant administration.Expenses $178,615 · revenue $5,600
- Lending Services Lending services include project finance planning and direct lending to businesses through an ACEDC revolving loan fund and a USDA financed intermediary relending program.Expenses $86,149 · revenue $59,493
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0331665
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,245,918
- Income (IRS master file)
- $317,128
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $317,128 | $375,372 | $1,245,918 | IRS |
| 990 | June 2024 | $315,360 | $342,333 | $1,187,721 | XML |
| 990 | June 2023 | $234,977 | $326,362 | $1,152,971 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0331665).
Questions about ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION is 03-0331665.
- Is ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Alex Armani-Munn.
- Who are the officers and directors of ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $103,264 (Frederick Kenney II, Executive Director).
- How much revenue does ADDISON COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $317,128, expenses of $375,372 and total assets of $1,245,918 at year end.
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